Incorporated in 1964 as a trading company to deal in the export of scrap, they have grown into a large diversified, multi-product services and trading Company.
They are also entered into the recycling business through a 50:50 joint venture with MIL for setting up a shredding plant and collection centres across the country. In a synopsis, it can be stated that there are three main business verticals in the Company which are namely, (i) E-commerce, (ii) Trading, and (iii) Recycling through MMRPL.
For the half year period ended on September 30, 2018, Fiscals 2018, 2017 and 2016, the total revenue was Rs.14,915.50 million, Rs. 27,931.50 million, Rs.18,762.00 million, and Rs.33,078.00 million respectively.
MSTC Limited IPO - Issue Details:
||MSTC Limited (View Report)
||100% Book Built Issue IPO
||Issue Opens: Mar 13, 2019
| Issue Closes: Mar 15, 2019
||Rs.121* - Rs.128^ per Equity Share
||Rs.212.81* Crores - Rs.225.17^ Crores
|No. of Shares
||17,670,400 Equity Shares
||Rs.10 per Equity Share
||90 Equity Shares and in multiples thereof
|Maximum Bid amount for Retail
||Rs. 2 Lakhs
||75% of the issue size (Rs.159.72* Crs - Rs.168.96^ Crs)
||15% of the issue size (Rs.31.94* Crs - Rs.33.79^ Crs)
|Retail Individual Bidders
||10% of the issue size (Rs.20.33* Crs - Rs.21.56^ Crs)
|Retail & Employee Discount
||Rs.5.50 per Equity Share
||NSE & BSE
||70,400 Equity Shares (Rs.0.81* Crs - Rs.0.86^ Crs)
||Alankit Assignment Limited
|Book Running Lead Managers
||Equirus Capital Pvt. Ltd.
* Lower Price Band; ^ Upper Price Band